Value Microcaps Junior Miners

[checkmate28]

Americas Silver Corporation Provides First Quarter Production and Cost Update Including Record Low Cash Costs and All-In Sustaining Costs

Dr Air Your wish coming true.
Might be the start of your wild ride! This has top be a good day for USA

https://web.tmxmoney.com/article.php?newsid=5618001744636201&qm_symbol=USA


April 17, 2018

TORONTO, ONTARIO—April 17, 2018—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) today announced consolidated production and operating cost results for the first quarter of 2018 and individually for its Cosalá Operations and Galena Complex. All figures are in U.S. dollars unless otherwise indicated.

First Quarter Highlights (compared to Q1, 2017)

Consolidated silver production of approximately 400,000 silver ounces and 1.6 million silver equivalent[1] ounces.

Consolidated cash costs[2] were approximately negative ($2.50) per silver ounce, a decrease of 125%.

Consolidated (“AISC”) were approximately $6.40 per silver ounce, a decrease of 50%.


Cosalá Operations silver production solely from the Company’s San Rafael mine of approximately 80,000 silver ounces and 950,000 silver equivalent ounces. Cash costs were approximately negative ($58.45) per silver ounce and all-in sustaining costs were approximately negative ($35.20) per silver ounce.

Galena Complex silver production of approximately 320,000 silver ounces and 666,000 silver equivalent ounces representing increases of 16% and 17%, respectively. Cash costs were approximately $11.45 per silver ounce and all-in sustaining costs were approximately $16.75 per silver ounce down 28% and 23%, respectively.

Guidance for 2018 remains unchanged at 1.6 – 2.0 million silver ounces and 7.2 – 8.0 million silver equivalent ounces at cash costs of negative ($10.00) to negative ($5.00) per silver ounce and all-in sustaining cash costs of negative ($1.00) to $4.00 per silver ounce. The Company expects to release its first quarter financial results on or before May 10, 2018.

“The Company had a strong first quarter at both operations as San Rafael continued to ramp up in terms of mining rate and mill throughput,” said Americas Silver President and CEO Darren Blasutti. “Shareholders will be pleased with the significant reductions in our cash costs and AISC year-over-year as the benefits of San Rafael begin to be realized. We expect further reductions into the second half of the year as mill throughput reaches a steady state at 1,700 tonnes per day and San Rafael capital expenditures reduce to sustaining levels. Galena also delivered notable decreases in cash costs while increasing silver production, supporting the consolidated results.”